Q2 2026 13F · SEC CIK 1737871

LFA - Lugano Financial Advisors SA

Wealth managerFiled 2026-07-28 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $166.2M
Reported positions: 274
Top holdings a year, 3 yrs: +10.7%
Average holding period: 5.5 yrs

LFA - Lugano Financial Advisors SA is a wealth manager that reported 274 positions worth $166.2M in its Q2 2026 13F, filed 2026-07-28. Its largest holdings were State Str Spdr S&p 500 ETF T (SPY, 22.6%), Schwab Strategic Tr (FNDE, 7.8%), Spdr Gold Tr (GLD, 4.9%). A portfolio copying its top holdings returned 10.7% a year over the last 3 years, against 20.4% for the S&P 500.

LFA - Lugano Financial Advisors SA holdings largest 50 of 274 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

LFA - Lugano Financial Advisors SA 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
SPYState Str Spdr S&p 500 ETF T	22.6%	14.1%	51,717	+21.5%	$37.5M
FNDESchwab Strategic Tr	7.8%	6.5%	328,425	-1.8%	$13.0M
GLDSpdr Gold Tr	4.9%	6.9%	22,496	-28.3%	$8.1M
IGIBIshares Tr	3.4%	2.6%	108,384	+10.2%	$5.7M
VCSHVanguard Scottsdale Fds	3.1%	2.3%	66,137	+15.2%	$5.1M
VWOBVanguard Whitehall Fds	2.9%	2.5%	71,871	-5.3%	$4.7M
VSGXVanguard World Fd	2.6%	1.6%	52,553	+18.7%	$4.3M
QAINylim ETF Tr	2.2%	1.7%	104,915	+7.0%	$3.7M
FTLSFirst Tr Exch Traded Fd III	2.2%	1.9%	51,811	-0.5%	$3.7M
TLHIshares Tr	2.0%	1.7%	34,483	+1.6%	$3.4M
SJNKState Street SPDR Bloomberg Short Term H	2.0%	1.9%	135,506	-11.6%	$3.4M
IBDUIshares Tr	2.0%	1.8%	144,509	-4.7%	$3.3M
QQQInvesco Qqq Tr	2.0%	1.3%	4,415	+2.6%	$3.3M
VGITVanguard Scottsdale Fds	1.9%	1.7%	55,931	+1.0%	$3.2M
CIBRFirst Tr Exchange-Traded Fd	1.9%	1.3%	37,074	-8.9%	$3.2M
FEZSpdr Index Shs Fds	1.7%	2.3%	40,634	-43.5%	$2.8M
AMZNAmazon Com Inc	1.6%	1.2%	11,410	-1.4%	$2.7M
MSFTMicrosoft Corp	1.5%	1.2%	6,604	+1.7%	$2.4M
IBDTIshares Ibonds Dec 2028 Term Corporate E	1.4%	1.2%	94,311	+0.0%	$2.4M
IBDVIshares Tr	1.3%	1.0%	96,993	+2.6%	$2.1M
SHYIshares Tr	1.2%	1.1%	25,214	+0.3%	$2.1M
EFAIshares Tr	1.2%	1.0%	19,699	+0.0%	$2.0M
EWLIshares Inc	1.1%	0.9%	29,262	-7.0%	$1.8M
QLTAIshares Tr	1.0%	0.9%	34,674	-9.3%	$1.6M
CWBSpdr Series Trust	1.0%	0.7%	14,651	+0.0%	$1.6M
GDXVaneck ETF Trust	0.9%	1.6%	20,112	-41.2%	$1.5M
CATCaterpillar Inc	0.8%	0.5%	1,284	+2.7%	$1.4M
SGOVIshares Tr	0.8%	0.9%	13,185	-23.0%	$1.3M
VGTVanguard World Fd	0.8%	—	10,800	—	$1.3M
ESGEiShares ESG Aware MSCI EM ETF	0.7%	0.5%	22,721	+0.0%	$1.2M
AAPLApple Inc	0.7%	0.5%	4,059	+5.6%	$1.2M
GOOGAlphabet Inc	0.6%	0.4%	2,804	+8.0%	$991K
GOOGLAlphabet Inc	0.5%	0.4%	2,413	-2.8%	$862K
SCHFSchwab Strategic Tr	0.5%	0.4%	31,104	+0.0%	$862K
PSPInvesco Exchange Traded Fd T	0.5%	0.5%	15,304	-5.2%	$811K
VHTVanguard World Fd	0.5%	0.4%	2,550	+0.0%	$762K
EWUIshares Tr	0.4%	0.4%	16,051	+0.0%	$741K
NVDANvidia Corporation	0.4%	0.3%	3,535	+4.8%	$707K
VCITVanguard Scottsdale Fds	0.4%	—	8,044	—	$665K
XLISelect Sector Spdr Tr	0.4%	0.3%	3,500	+0.0%	$648K
JPMJpmorgan Chase & Co	0.4%	0.2%	1,850	+13.9%	$606K
FPEIFirst Tr Exch Traded Fd III	0.3%	0.3%	28,400	+0.0%	$548K
PHYSSprott Asset Management LP	0.3%	—	18,000	—	$543K
EMBIshares Tr	0.3%	0.7%	5,233	-62.9%	$487K
VCLTVanguard Long-Term Corporate Bond ETF	0.3%	0.3%	6,025	-9.3%	$453K
HEWJIshares Tr	0.3%	0.2%	6,868	+0.0%	$443K
EMXCIshares Inc	0.2%	—	3,990	—	$408K
RSPInvesco Exchange Traded Fd T	0.2%	—	1,878	—	$400K
GARPIshares Tr	0.2%	—	4,760	—	$393K
XLFSelect Sector Spdr Tr	0.2%	—	7,300	—	$391K

What LFA - Lugano Financial Advisors SA bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +11.1% /yr; S&P 500 +20.1%
3 years: +10.7% /yr; S&P 500 +20.4%
5 years: +3.1% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$166.2M	274
Q1 2026	$196.6M	223
Q4 2025	$193.7M	235
Q3 2025	$189.7M	229
Q2 2025	$168.8M	245
Q1 2025	$147.1M	191
Q4 2024	$153.0M	193
Q3 2024	$147.1M	183
Q2 2024	$131.3M	172
Q1 2024	$137.4M	160
Q4 2023	$127.3M	170
Q3 2023	$116.8M	179

Questions about LFA - Lugano Financial Advisors SA's portfolio

What stocks does LFA - Lugano Financial Advisors SA own?

LFA - Lugano Financial Advisors SA's latest 13F, for Q2 2026 and filed Jul 28, 2026, lists 274 positions worth $166.2M. The largest are State Str Spdr S&p 500 ETF T (SPY) at 22.6%, Schwab Strategic Tr (FNDE) at 7.8%, Spdr Gold Tr (GLD) at 4.9%, Ishares Tr (IGIB) at 3.4% and Vanguard Scottsdale Fds (VCSH) at 3.1%.

What did LFA - Lugano Financial Advisors SA buy last quarter?

In Q2 2026, LFA - Lugano Financial Advisors SA added State Str Spdr S&p 500 ETF T (SPY) (+21.5% shares), Vanguard World Fd (VSGX) (+18.7% shares) and Vanguard Scottsdale Fds (VCSH) (+15.2% shares), compared with its Q1 2026 filing.

What did LFA - Lugano Financial Advisors SA sell last quarter?

In Q2 2026, LFA - Lugano Financial Advisors SA cut from its top 50 iShares ESG Aware MSCI EAFE ETF (ESGD), cut from its top 50 Ishares Tr (SUSB), cut from its top 50 Spdr Series Trust (IBND), cut from its top 50 Ishares Tr (IEF), cut from its top 50 Global X Fds (RNRG), Ishares Tr (EMB) (-62.9% shares), Spdr Index Shs Fds (FEZ) (-43.5% shares) and Vaneck ETF Trust (GDX) (-41.2% shares), compared with its Q1 2026 filing.

How has LFA - Lugano Financial Advisors SA's portfolio performed?

A portfolio copying LFA - Lugano Financial Advisors SA's 20 largest 13F holdings each quarter, from the day each filing was public, returned +10.7% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +11.1% against +20.1%. Over 5 years: +3.1% a year against +11.6%.

When is LFA - Lugano Financial Advisors SA's next 13F filing due?

13F filings are due 45 days after each quarter ends. LFA - Lugano Financial Advisors SA's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.